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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: gvander who wrote (5032)	11/14/1998 3:31:00 PM
From: Tmoore	Read Replies (1) \| Respond to of 27311

Might want to take a look. ULBI ULBI Ultralife Batteries Inc. 10/98 225,885 42,782 5.28 09/98 224,470 44,198 5.08 08/98 221,497 33,569 6.60 07/98 246,094 63,260 3.89 06/98 460,489 182,505 2.52 05/98 619,050 168,578 3.67 Tmoore

To: gvander who wrote (5032)	11/14/1998 3:39:00 PM
From: FMK	Read Replies (1) \| Respond to of 27311

Hi gvander, haven't heard from you in a long time. Thanks for the good news. It helps explain why some new naysayers have started posting. I would be worried too if I had a sizable short position. What acceleration all the short covering should give an upcoming rally when some major news is announced. Its bad enough already with Worldcom's chairman coming on board. It could get even worse if a world-class CFO is next! I would bet many of the 768,000 have already covered and the remainder are quite worried. Well, that's just my opinion. I'm sure you have a different interpretation.

To: gvander who wrote (5032)	11/14/1998 3:41:00 PM
From: kolo55	Respond to of 27311

Welcome back gvander. (I'm not sure the rest of the thread feels this way.) Yes outstanding short position has increased. But in an optionable stock like Valence, you would need to look at the open option interest to get a complete picture. Have you done that? The short positions could just be hedge positions by professional option traders. Addendum: Open call interest is 6530 contracts and open put interest is 860 contracts. The net calls represent about 570,000 shares if exercised. Paul